Late payments and losses on small-ticket equipment that Ascentium Capital leases to physician offices, gas stations, hotels and restaurants have started rising, and credit rating agencies are taking notice.

Moody’s Investors Service expects that the leases backing Ascentium’s next securitization will experience higher cumulative net losses of 2.75%, or 25 basis points more than those backing a deal completed in April. The rating agency the weakening credit performance of Ascentiium’s managed portfolio, which refers to all of the firm's outstanding leases, whether securitized or held on balance sheet.

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